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1993-104 o o o c' CITY OF HOPKINS Hennepin County, Minnesota RESOLUTION NO. 93-104 ADOPTION OF THE ASSESSMENT ROLLS PROJECT 92-11 ALLEY A AND B PROJECT 93-13 ALLEY C ALLEY RECONSTRUCTION WHEREAS, pursuant to proper notice duly given as required by law, the City Council has met and heard and passed upon all objections to the proposed assessments for alley reconstruction in the #10 Block 11th/12th Avenues North, #200 Block 12th/13th Avenues North, and #200 Block 9th/10th Avenues North as described in the files of the City Clerk as Projects 92-11 and 93-13, and has amended such proposed assessments as it deems just, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF HOPKINS, MINNESOTA: 1. Such proposed assessments, as amended, copies of which are attached hereto and made a part hereof, are hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvements in the amount of the assessment levied against it. 2. Such assessments shall be payable in equal annual installments extending over a period of 10 years, the first of the installments to be payable on or after the first Monday in January, 1994, and shall bear interest at the rate of 8 percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from October 5, 1993 until December 31, 1994. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. It is hereby declared to be the intention of the Council to reimburse itself in the future for the portion of the cost of these improvements paid for from municipal funds by levying additional assessments, on notice and hearing as provided for the assessments herein made, upon any properties abutting on the improvements but not made, upon any properties abutting on the improvements but not herein assessed for the improvements, when changed conditions relating to such properties make such assessment feasible. 4. To the extent that these improvements benefit nonabutting properties which may be served by the improvements when one or more later extensions or improvements are made, but which are not herein assessed, therefore, it is hereby declared o ~ o ~ o to be the intention of the Council, as authorized by Minnesota statutes Section 420.051, to reimburse the City by adding any portion of the cost so paid to the assessments levied for any of such later extension or improvements. 5. The clerk shall forthwith transmit a certified duplicate of these assessments to the County Auditor to be extended on the property tax lists of the County, and such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the city Council of the City of Hopkins this 5th day of October, 1993. ~